Latest News from IBI
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Beneteau reports 12% revenue growth despite Q2 slowdown and reveals much reduced order intake
First-half sales reached €452.3m, but geopolitical uncertainty prompts dealer caution and inventory reduction in second quarter
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High North American retail sales drive strong Q2 results for Polaris
Marine segment revenues climb 16% YoY driven by growing demand for premium pontoon product
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Hubbell raises 2026 guidance after double-digit Q2 revenue growth
Hubbell’s Electrical Solutions segment, which includes its leisure marine business, up 25% in strong quarter
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Sasga Palma appointed Solaris Power dealer for Balearic Islands
The Mallorca-based dealer will represent the Italian yacht builder’s premium motoryacht range across Mallorca and Menorca
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Central Yacht secures strategic investment for Asian market expansion
The Hong Kong-based superyacht consultancy has partnered with TGG Group to develop a new generation of yachts tailored for Asian owners
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Zero USV delivers first Oceanus17 uncrewed surface vessel
The 17m vessel features 50-day endurance, 5,000Nm range, and level four autonomous navigation capability
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New Angolan shipyard targets recreational service sector growth
Kianda Shipyard is set to serve the country’s growing leisure boating sector with maintenance and technical support
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Sunseeker confirms new ownership, CEO and leadership team
Cross Ocean Partners and Cheyne Capital have completed their acquisition of the UK yacht manufacturer, with Scott Millar appointed CEO alongside four senior executives to drive its five-year growth strategy
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Sanlorenzo joins consortium bid to rescue The Italian Sea Group
Italian yacht builder confirms minority stake in Polo Nautico Carrara, which has submitted binding offer to acquire TISG’s operations
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SYBAss launches new manifesto including first ever three-year plan
New strategy sets a clear work agenda for the team while giving the industry clarity on the organisation’s future direction
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Donerail, Blackstone, and Centerbridge are final bidders for MarineMax
Three major investment firms are competing to acquire the world’s largest recreational marine dealer
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Sealegs expands dealer network across US and Australia
New Zealand amphibious boat builder appoints four new dealers, strengthening its sales and service network across two key international markets
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Finnish boat registrations on par with 2025
Finland’s boat market matched 2025 levels in the first half of 2026, while the pre-owned market continues to run 20% above pre-pandemic levels
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Sea Ventures appoints new managing director
Vicky Farrow succeeds Nigel Colley, who moves into a consultancy role after more than 30 years leading the UK dealership
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Japan Investment Adviser buys Yokohama yacht dealer
Financial services group expands into leisure marine sector with acquisition of Quay Side
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Abu Dhabi opens Waterway Monitoring Centre to enhance maritime safety
New centre will be central hub for waterway safety monitoring and public maritime service operations
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Boats Group study reveals importance of pre-sale brand visibility
Analysis of 85,000 verified purchases shows consumers often change brands before buying, highlighting the need for earlier engagement
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OXE Marine Q2 revenue falls as losses widen
Softer market conditions and delayed government projects hit Swedish diesel outboard manufacturer
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Wildfires force evacuation of France’s Cap Ferret boating destination
The area is a popular leisure boating hub with numerous marinas, yacht harbours and seasonal cruising
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EBI secretary general on European market headwinds and hopes for recovery
Phillip Easthill shares his latest insights as the Polboat Yachting Festival opens in Gdynia
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Carla Demaria joins ICOMIA board as co-opted director
Former Bluegame CEO brings global boat building expertise to strengthen ICOMIA leadership
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Correct Craft acquires Ranger Tugs, Cutwater and Solara parent
Fluid Motion will continue to operate independently, retaining its brands and team members
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Sterk Yachts appoints Nautical Ventures as exclusive Florida dealer
German builder partners with Vision Marine Technologies subsidiary to expand US presence and explore electric propulsion opportunities
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Lookout grows global footprint with dealer network expansion
Enhanced distribution network to strengthen AI navigational platform’s international presence
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Catana Group reports nine-month revenue decline
New boat sales fell 21% as geopolitical factors continued to impact market conditions.
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1st Aqaba Blue attracts international support ahead of 2026 launch
Jordan’s first international marine industry exhibition has secured more than 80% of exhibition space ahead of its September debut
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People on the Move this Week
New appointments at Aquavista, RAD Propulsion, Seven Yachts and more
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MarineMax FQ3 profits and margin up despite drop in revenue, same-store-sales
US boat retailer posts 9.2% gross profit increase as inventory normalisation and tariff refunds boost margins
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Swiss bank Julius Baer more than doubles first-half profits
The Zurich-based wealth manager maintains strong yachting sector ties through UHNWI services and event sponsorships including Yacht Club de Monaco
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Floating Life strengthens collaboration with Sunreef Yachts
Exclusive event held in Zurich to promote the Polish multihull builder
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Next Yacht Group acquires metal fabrication specialist
The deal, backed by a €20m investment plan, will expand production capacity for Maiora and AB Yachts’ metal superyacht lines across facilities in La Spezia and Pisa
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Azimut-Benetti Group denies interest in buying TISG
The Italian builder has clarified it is not interested in acquiring The Italian Sea Group, though it remains open to considering specific assets
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Nautic Center co-founder Marta Espígol dies
Spanish marine industry figure remembered for her contribution to the development of the country’s nautical sector
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Seven Yachts hires charter director to drive EU expansion
Jochem Eenkhoorn joins the UAE-based company to expand its global reach and enhance its client-focused luxury yacht charter services
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Regal Boats appoints Washington State dealer
Union Marine will represent the builder’s Express Cruiser and Yacht ranges
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Balance Catamarans launches final 442 to make way for new model
Onda is the last of the 442 line, which produced 30 hulls but now makes way for the Balance 464
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Mitie Group agrees £3.1bn acquisition by OCS Group International
The UK company manages marina facilities, port security and provides superyacht concierge services
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Business as usual for Dubai-based superyacht refit firm
IBI’s Middle East correspondent visits Autore, a specialist in superyacht refit and repair
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RAD Propulsion expands in North America with US sales appointment
Marine propulsion specialist names Sean Wilson as US sales manager as it continues to build its commercial presence in the world’s largest leisure marine market
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EBI energy transition roadmap has coastal, inland marinas in its sights
Europe’s marinas face major infrastructure upgrades to support the shift to zero-emission recreational boating
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Alaskan community launches 27-vessel clean-up
The BoatUS-funded initiative will remove boats from waters surrounding Annette Islands Reserve
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Former British Marine president, ICOMIA vice chairman dies
David Lewin remembered for more than four decades of service to the leisure marine sector
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Cruisers Yachts grows Mexican dealer network
Wisconsin-based boat builder appoints new retail partner in Mexico, with the first customer deliveries already completed
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Lumitec achieves ISO 9001:2015 certification
Florida-based marine lighting manufacturer say milestone reinforces its quality management credentials as it expands its international business
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MB92 explores intelligent refit technologies in new report
Technology should support human expertise and align with data and artificial intelligence
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Paris show on track for November
The Fédération des Industries Nautiques revived and relocated the historic Paris Nautic exhibition last year, first held at the Grand Palais in 1926
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Northrop & Johnson broker dies after 50-year career in yachting
Bob Leslie has passed away at the age of 81
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TISG CEO Giovanni Costantino steps down amid company challenges
The departure leaves The Italian Sea Group facing mounting uncertainty, with the luxury yacht maker now requiring a new board to guide its future direction
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Turkish shipyard ends partnership with Nordhavn Yachts after 55 builds
The partnership ended amicably due to rising production costs
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